Maya Preferred 223 (MAPR), a stable coin, backed by $23,500 worth of gold and silver reserves, has been listed on a popular crypto exchange Catex. MAPR/BTC pair is available for trading, MAPR’s price is established at 1.5 BTC.
Catex became the second exchange that supported MAPR, a crypto discovery of 2019, after FatBTC listed Maya Preferred on 21st of March. Since that the stable coin gained about 500% growth, its price changing from 0.3 BTC ($1.500 at that time) to 1.5 BTC ($9250 at the moment of writing) per each MAPR.
Jose Maria Torres Duran, mining advisor at Maya Preferred 223 explaines such rapid growth of the coin’s price: ‘A simple and very transparent mechanism of backing is the reason why the price is growing with that speed. There is one million of MAPR available on the market. Gold and silver from 8 mining deposits, located in Mexico, support this amount of coins with its value. Each MAPR now is backed with approximately $23.000 worth of precious metals. And each time we form the partnership with a new asset, the price of gold and silver behind each token rises. Now Maya Preferred doesn’t run up, yet the market is slowly catching the real price of our coin’.
After recently conducted AMA (ask me anything), Maya Preferred team keeps working on the transparency of the brand and the development towards the new exchange listings and partnerships.
The long-anticipated listing on Catex makes the developers of the coin already planning going live at Coinmarketcap. ‘By all means, getting to CMC is one of our main goals at this stage of Maya’s development,’ – says Richard Crespo, a vice-president of Maya Preferred 223, – ‘We are in the middle of negotiations with them, and I’m sure soon MAPR appears there in top-10. But at the same time we are working on the new partnerships with the new precious metals’ assets in Mexico and other places to increase the capitalisation of MAPR. The trading price of our coin in our opinion is far from final, and with the new partnerships we are looking for taking leadership position on the whole market. More assets, more exchanges, more trading is to come’.
About Catex
Based in China, Catex is a transaction mining exchange platform providing users with popular trading pairs and the opportunity to mine the platform’s native token (CATT) at the same time. What users spend in transaction fees they are capable of regaining and exceeding via native token mining.
About Maya Preferred 223
Maya Preferred 223 (MAPR) is a stablecoin based on the Ethereum Classic blockchain. Each coin is backed with approximately $23,000 in gold and silver from 8 assets, located in Mexico: Santiago Apóstol, Jual del Oro, Grano del Oro, La Fortuna, La Guadalupe, La Guadalupe II, El Milagro and El Milagro II.
MAPR is currently available for trading on FatBTC and Catex exchanges.
Media Contact
Company Name: Maya Preferred 223
Contact Person: James Dahlke
Email: Send Email
Phone: 3026132103
City: Mexico City
Country: Mexico
Website: Mayapreferred.io